In 2023, Brazil’s palm kernel oil distribution stood at a lower baseline compared to the 2024 forecast of 358.0 thousand metric tons. The forecast data indicates consistent growth from 2024 to 2028, with values projected at 371.0, 384.0, 396.0, and 409.0 thousand metric tons respectively. Year-on-year growth rates show a steady increase, demonstrating a positive demand trajectory. Over the next five years, the compounded annual growth rate (CAGR) suggests a moderate but stable expansion of the palm kernel oil market in Brazil.
Future trends to watch for include potential shifts in global palm oil production that may influence supply chains, the impact of sustainability initiatives, and changes in domestic consumption patterns driven by dietary and industrial demands.
